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3 years ago

The fastest growing category of promotional spending is:

1 answer:

4 0

The correct answer that would best complete the given statement above is the term SPONSORSHIP. The fastest growing category of promotional spending is sponsorship. Sponsorship<span> advertising is a form of advertising where a company will </span>sponsor<span> some event or organization. Hope this answer helps.</span>

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On November 1 of the current year, Rob Elliot invested $29,750.00 of his cash to form a corporation, GGE Enterprises Inc., in ex

slavikrds [6]

Answer:

1. What is the amount of profit or loss during December?

$9,300

2. What were the total expenses for December?

$12,950

3. How much was paid for rent?

$1,220

Explanation:

we are missing some numbers, so I looked for a similar question. I found one that was almost identical, but the amount of initial paid in capital varied by a little bit. I still used it with the only difference that I used the given common stock, not the common stock that appears in the picture.

Common stock $29,750

retained earnings for November = $5,000

total assets = $56,150

total stockholders' equity = $38,300

retained earnings = $38,300 - $29,750 = $8,550

$5,000 from November
$3,550 from December

December's profit = $3,550 (retained earnings) + $5,750 (dividends) = $9,300

income statement = $27,250 - total expenses = $9,300 + $5,000 = $14,300

total expenses = $27,250 - $14,300 = $12,950

utilities expense = $12,950 - $6,450 - $4,625 - $1,220 = $655

3 0

3 years ago

Which of the following is a true statement?a. when making decisions about saving and borrowing, people care about the nominal in

luda_lava [24]

Answer:

The answer is: C) A falling interest rate will lead to a movement along the demand curve for loanable funds

Explanation:

When you think about a loan, the interest rate is what you pay for getting the loan. So we can assume the interest rate is the price of the loan.

If the interest rates decrease, it is equivalent to a price decrease. Whenever the price of a good or service decreases, the quantity demanded for that good or service increases.

7 0

3 years ago

Individuals and countries specialize because the opportunity cost of producing goods and services: Multiple choice question.

Darina [25.2K]

Individuals, corporations, and economies specialize because the opportunity cost of producing goods and services differs from country to country, business to business, and individual to individual.

Persons, Corporations, and Economies are bound to specialize in the production of goods and or services in which they hold a stronger comparative advantage than their competition.

<h3>What is comparative advantage?</h3>

This is defined as the ability of an individual, corporate entity, or national to perform an economic activity more efficiently or at a lower (opportunity cost) than the other.

Examples of economic activities are:

Resource management
production of services and goods
distribution of services and goods
consumption of services and goods

See the link below to learn more:

brainly.com/question/7045530

4 0

3 years ago

Speedy Runner makes running shoes and they have gathered the following data for the month of October: Data Cash on 10/1 Expect

dmitriy555 [2]

Answer: $9,000

Explanation:

Speedy Runner will need to borrow the amount of cash disbursements that will exceed their cash receipts.

= Opening Cash + Cash Receipts - Cash Disbursements

= Opening Cash + Expected Cash Collections - Direct Labor Cash - Direct Materials Cash Disbursements - Operating Expenses Cash Disbursements - MOH Cash Disbursements - Capital Expenditures Cash Disbursements - Ending cash balance requirement

= 15,300 + 435,000 - 32,000 - 80,000 - 110,000 - 25,000 - 200,000 - 12,000

= $8,700

<em>They can borrow in incremental terms of $1,000 so to cover the cash requirements they should borrow </em><em>$9,000. </em>

8 0

3 years ago

The manager of the bank where you work tells you that the bank has $300 million in deposits and $255 million dollars in loans. I

tigry1 [53]

Answer:

The bank is holding $19.5 million in excess reserves.

Explanation:

If the bank has $300 million is deposits and the reserve ratio is 8.5% then the bank needs to have minimum reserves of 8.5% of 300 million so the minimum reserves are 0.085*300 million = 25.5 million

How ever the actual reserves of the bank is the difference between deposits and loans. The deposits are 300 million and loans are 255 million so the actual reserves are 300 million-255 million= $45 million

Excess reserves is the difference between the actual reserves and the minimum reserves so 45 million - 25.5 million = 19.5 million.

4 0

3 years ago